Food Revolution Group Sales Up Amidst Rising Losses

Food Revolution Group Ltd. (AU:OJC) has released an update.

Food Revolution Group Ltd. has reported an increase in gross sales to $59.6 million, up by 13.2% compared to the previous year, but has also faced a significant rise in losses, with a total comprehensive loss of $6.4 million, marking a 128% decrease from the prior year. No dividends were proposed or paid, and the net tangible asset backing per share slightly declined. These financial outcomes were influenced by factors such as persistent shortages and increased costs of citrus products.

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